Growth is on the agenda for a significant number of St Helens firms, according to the final Quarterly Economic Survey of 2014 by the town’s Chamber of Commerce.

The poll of 120 businesses, employing 6,000 people, revealed ambitious expansion plans over the next two years, despite a current slowing of the local economy.

Results show that manufacturers saw year-on-year growth in domestic markets, while service sector firms upped their investment budgets in response to positive market conditions.

Falling input prices and improved margins meant cash flow improved for both sectors at the end of 2014. However, the pace of job creation overall slowed during 2014.

Manufacturing firms’ investment plans have been cut following five quarters of growth, and export markets remain volatile, despite an easing of exchange rates – but confidence in increased profits into 2015 remains strong.

Tracy Mawson, chamber director of business services, said: “St Helens’ results are reflecting the story at national level. The local service sector seems to be more buoyant, but manufacturing firms continue to experience difficult trading conditions abroad.

“Despite this, the latest survey shows that more respondents (71%) plan to grow their business over the next two years, reflecting our members’ ambitions.”

She added: “There is still a lot of work to do to achieve long-term sustainable growth for St Helens and the UK.

“With a General Election looming this year, Britain’s political parties must commit to a long-term programme that delivers a stronger skills base, better access to finance for growing companies, more export support and a clear, consistent tax environment.

“With the support of our members, the chamber will continue to exert influence where it can, to challenge the Government on its policies to support business growth.”

The St Helens Quarterly Economic Survey is part of a national survey conducted by the British Chambers of Commerce, which it claims is the largest and most representative economic survey of its kind in the UK.

It is referred to by the Bank of England’s Monetary Policy Committee as well as the Treasury to influence policy.